In 1993, the Massachusetts Board of Registration of Real Estate Brokers and Salespersons adopted an updated acknowledgement form with the purpose of enabling  consumers to make informed choices before working with a real estate licensee. According to the Law, "the form must be provided at the first personal meeting that you have with an agent to discuss a specific property ."

As the Internet Age has made it so that we may have many interactions regarding property before our first "personal meeting" I feel it important to present the form on line, and please ask that you take a moment to read it.  At the bottom, I ask that you check the box acknowledging that you wish me to act as either a Seller Agent, or Buyers Agent.  This is NOT a "Buyer Agency Contract," just a disclosure.   Furthermore, I offer both Seller and Buyer Agency, and there is no fee to the Buyer in either Case.

You are not "required" to select either type of Agency at this time. But you should check the Box on the bottom indicating that you've been "presented" with this form, and decline to select Agency at this time. You can always come back and select and Agency relationship later. 

Thanks

 

Steve Levine
Steve Levine Inc.
REMAX First Choice

 

 

 

 

 

 

MASSACHUSETTS BOARD OF REGISTRATION OF REAL ESTATE BROKERS AND SALESPERSONS

MANDATORY AGENCY DISCLOSURE - AGENCY RELATIONSHIP

The purpose of this disclosure is to enable you to make informed choices before working with a real estate licensee.  It must be provided at the first personal meeting that you have with an agent to discuss a specific property.  THIS IS NOT A CONTRACT.  It is a disclosure notice for your information and protection.  BE SURE TO READ THE DESCRIPTIONS OF THE DIFFERENT TYPES OF AGENCY REPRESENTATION ON THE OTHER SIDE OF THIS DISCLOSURE.

 CONSUMER INFORMATION

1) Whether you are the buyer or the seller you can choose to have the advice, assistance and  representation of your own agent.  Do not assume that a broker is acting on your behalf unless you have contracted with that broker to represent you.

2)   All real estate licensees must, by law, present properties honestly and accurately.

3) If you are a seller you may authorize your listing agent to cooperate with agents from other firms to help sell yourproperty.  These cooperating agents may be subagents who work for the seller or buyers' agents.

4)  If you are the buyer you have the option of working with sellers' or buyers' agents.  This decision will depend on the types of services you want from a real estate agent.  A buyer should tell sellers' agents, including subagents, only what he/she would tell the seller directly.


 CONSUMER RESPONSIBILITY

The duties of a real estate licensee do not relieve the consumer of the responsibility to protect his/her own interest.  Consumers with questions on whether and how real estate agents share fees should pose them to the agent.  If you need advice for legal, tax, insurance or other matters it is your responsibility to consult a professional in those areas.

 

TYPES OF AGENCY REPRESENTATION:

SELLER'S AGENT

When a seller engages in the services of a listing broker, that seller becomes the broker's client. This means the broker, and his/her subagents represent the seller. they owe the seller undivided loyalty, utmost care, disclosure, obedience to lawful instruction, confidentiality and accountability. They must put the seller's interest first and negotiate for the best price and terms for their client, the seller. (the seller may also authorize subagents to represent him/her in marketing the property to buyers).

BUYER'S AGENT

When a buyer engages in the services of a broker then that broker becomes the broker's client. The broker owes the buyer undivided loyalty, utmost care, disclosure, obedience to lawful instruction, confidentiality and accountability. They must put the buyer's interest first and negotiate for the best price and terms for their client, the buyer. (The buyer may also authorize subagents to represent him/her in locating property).

DISCLOSED DUAL AGENT

A broker can work for both the buyer and the seller on the same property provided the broker obtains the informed consent of both parties. The broker is then considered a disclosed dual agent. This broker owes the seller and the buyer a duty to deal with them fairly and honestly. In this type of agency relationship the broker does not represent either the seller of buyer exclusively and they cannot expect the broker's undivided loyalty. Also, undisclosed dual agency is illegal.


 ACKNOWLEDGEMENT


I have provided this disclosure form to The Undersigned Consumer

 At the Request of the Buyer, I will be assisting the above named consumer as a:
(House Shoppers - Please click the Appropriate Box Below)

  Seller's Agent            Buyer's Agent

           Steve Levine                                            97029             03/2002
(Signature of Real Estate Agent)                       (License Number)   (Month)  (Year)

I have read this agency disclosure form IN ITS ENTIRETY.
I understand that this form is for agency disclosure AND NOT A CONTRACT.
It was provided to me by the agent named above.


          
(Signature of Consumer - Type NAME(s) in box above                                       Date

Check Here if you're a:  Buyer  Seller

 

If you do not wish to select an Agency Type at this time, please just click the box below and fill in your name and E-mail.

  As a consumer I recognize that I need not select any agency representation at this time.
Therefore, I decline to sign this disclosure and select a form of Agency at this time.

Name
E-mail
 



Copyright 2002 [Steve Levine Inc.] All rights reserved.
Revised: June 16, 2003 .